BANKNIFTY has reached it's support level, it has reversed from current level in the last two swings, it may go down upto 20900 level and if it crosses above resistance trendline it may go upto 21700 - 22000 levels.
Observe the Price action at current levels tomorrow, we can see a pull back as price reached support levels.
It is observed that, there is a failed bullish divergence on hourly chart and it is also in oversold range, there is possibility that it may touch 20900 as well.
Observe the Price action at current levels tomorrow, we can see a pull back as price reached support levels.
It is observed that, there is a failed bullish divergence on hourly chart and it is also in oversold range, there is possibility that it may touch 20900 as well.